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The Latest Breaking News from the Suez Canal

Oil prices steady despite Middle East tensions, but risks are rising

Despite diverting supplies from the Suez Canal, tensions in the Red Sea have so far had a muted impact on energy prices.

Al Jazeera

Huthi Attacks Idle Suez Canal, Deepen Egypt's Economic Woes

Attacks by Yemen's Huthi rebels in the Red Sea have caused shipping companies to avoid the Suez Canal -- a key source of revenue for Egypt as it battles a deep economic crisis.

International Business Times

Maritime conflict escalates as US intercepts Houthi drones and missiles

Explore the impact of the conflict in the Middle East on global trade as the US Navy intercepts drones and missiles, raising questions about US involvement.

Top News

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How Red Sea attacks on cargo ships could disrupt deliveries and push up prices – a logistics expert explains

Attacks on international cargo ships in the Red Sea from Houthi-controlled Yemen have seen several cargo vessels hit by missiles and drones in recent days.

The Conversation

Houthis Ruin Christmas

Plus: The fertility crisis, the origins of Israel, El Segundo's tech scene, and more...

Reason

Royal Navy destroyer HMS Diamond joins US-led maritime task force to patrol Red Sea as oil tanker hit

US, UK and other allied ships will seek to shoot down missiles and drones fired at commercial vessels in the Red Sea

Evening Standard

British holidaymaker describes ‘nightmare’ ordeal after 137ft yacht capsizes in ‘Bermuda Triangle’

Boat was in Red Sea near Hurghada and the Suez Canal last month when disaster struck

The Independent UK

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Cosco’s Egypt Terminal Project Enters Antitrust Review

Chinese shipping giant and partners Hutchison Ports and France’s CMA CGM plan to co-develop and operate a container unit at the Suez Canal

Caixin Global

The shipping company that blocked the Suez canal has dished out another massive bonus to staff

The going's been good for Evergreen Marine Corp. staff, who just got their second bonus in three months.

Fortune

Moscow is betting big on its Arctic shipping route as the costs of invading Ukraine continue to mount

For the past decade, Vladimir Putin has been quietly pursuing his goal of transforming Russia's frozen northern coast into a global shipping hub to rival the Suez canal. It's a bet that appears to be paying off at a key moment.

ABC News

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